511 Spg Buck RdGypsum, CO 81637

Property Details for 511 Spg Buck Rd

Year built

2023

Lot size

2.16 AC

Property size (Sq ft)

17,571 SF

Property type

Industrial properties

Property subtype

Other warehouses

Description

This exceptional investment opportunity presents a 17,571 square foot, newly constructed (2023) light industrial building situated on a 2.16-acre lot in Gypsum, Colorado. The property is fully leased to CPS Distributors, a Home Depot subsidiary, under a Net-Net (NN) lease with a five-year initial term and three five-year renewal options. The lease includes rent bumps at option. The building boasts ample outdoor storage and benefits from a strong 6.00% cap rate, generating a Net Operating Income (NOI) of $350,725. The asking price is $5,850,000, translating to $332.93 per square foot. Conveniently located less than four miles from I-70 exit 140 and two miles from US Highway 6, the property enjoys excellent access to major transportation routes. Approximately 0.32 acres of undeveloped land offers significant value-add potential, allowing for expansion or additional leasing opportunities. The property's location within Gypsum's increasingly scarce light industrial zoning district provides a strategic advantage, serving a crucial role in supporting the county's thriving contractor and skilled trade base, particularly in the up-valley areas of Edwards, Avon, Beaver Creek, and Vail. This single-tenant, core investment offers a compelling combination of strong cash flow, long-term lease security, and future development potential. The property is zoned for light industrial use.

Location Insight

City

Gypsum

County

Eagle

State

Colorado

Latitude

39.6318

Longitude

-106.911

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